INSIGHTS - 8th September 2022 (2/2)

FED: 75bps September Pricing Firms As Powell Doesn't Push Back

• Fed Chair Powell didn't deviate much from previous recent commentary in his appearance at a highly-anticipated Cato Institute event, referencing his Jackson Hole speech several times. September Fed hike pricing briefly edged higher (to just under 72bp, see chart), mainly because the Chair did nothing to push back against 75bp market pricing just prior to the FOMC blackout.
• https://marketnews.com/75bp-september-pricing-firm...

HUNGARY: Minister Questions Russia Sanctions, Likely To Raise Concerns At EU

• In comments that are likely to cause some alarm in Brussels, Hungarian Cabinet Office Minister Gergely Gulyás reported as saying that a removal of EU sanctions on Russia would assist in lowering inflationary pressures.
• https://marketnews.com/minister-questions-russia-s...

MNI MARKETS ANALYSIS: USD Bulls Remain In The Driver’s Seat

• The USD has continued to appreciate this year and technical trend signals suggest the bull cycle is likely extend over the medium-term. Recent important breakouts in the USD Index and USDJPY and a bearish channel in EURUSD, highlight some important technical features that reinforce the current uptrend in the USD. Recent price activity and a look at various charts, highlight a number of potential USD price objectives that are possible in the current cycle.
• https://marketnews.com/usd-bulls-remain-in-the-dri...